Franklin, IL housing market
The typical Franklin home is worth about $146,000, about the same as a year ago, 51% below the Illinois typical home.
Home values, sales, trends and how Franklin compares with the towns next door — updated as new data is published.
Franklin at a glance
Only 1 sale in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Franklin | Illinois |
|---|---|---|
| 2017 | $111,000 | $181,000 |
| 2018 | $104,000 | $190,000 |
| 2019 | $108,000 | $195,000 |
| 2020 | $117,000 | $200,000 |
| 2021 | $116,000 | $215,000 |
| 2022 | $122,000 | $236,000 |
| 2023 | $124,000 | $248,000 |
| 2024 | $138,000 | $263,000 |
| 2025 | $148,000 | $278,000 |
| 2026 | $148,000 | $290,000 |
| August 2026 | $146,000 | $298,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,100
HUD's Fair Market Rent for a two-bedroom in Franklin is $1,100 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Franklin pay a median of $940, so moving in tends to cost more than staying put.
Studio $760 · 4 bedrooms $1,850
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62638; Macoupin County, IL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.